Google That! $250 million in Venture Capital for Visto!posted by MR WAVETHEORY at 9/27/2006 04:14:00 PM
Visto rakes in another $51M in funding, adds ex-AOL chief to board Sep 27, 2006 REDWOOD CITY, Calif.—Visto Corp. will have no trouble paying its lawyer fees. The mobile e-mail service provider raked in another $51 million this week in a funding round led by Oak Investment Partners. The haul follows a $70 million round that closed last November; Visto is believed to have raised a staggering $250 million in funding during its nine-year history.
I think it is interesting to compare the two dotcom babbies - Visto and Google. Visto is 9 years old and Google is 8 years old.
- The former has burned boat loads of cash in an ultra competitive market where there are very few customers - namely carriers and device manufacturers.
- The latter has developed a great set of technologies serving a wide consumer market.
- The former has high profile people and lots of PR. The latter uses word of mouth.